Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-11-09
THE SOLDIERS, HOME.
Points from the Annual Report OF GEN.
sheridan.
FINANCIAL CONDITION OF TIE HoNB-IAPROyRM RMRNTi
IN PRoGREss-A SUGGESTION As TO PENSIONS, ETC.

FINANCIAL CONDITION OF TIE HoxE-nrRovRxRSTs
IN PRoGREss-A SUGGESTION As TO PENSIONS, ETC.
The annual report OF Gen. Sheridan, president OF
the board OF commissioners for the soldiers Home,
states that the number OF inmates on the rolls OF
the Home september 30, 1887, was 99l, s34 Of
whom were regular and 81 temporary. The per-
manent-rund account, running from October i,
1885, to September 80, 1887, shows balance In the
United States Treasury, october I, 1887, OF
81 COZ 7.93. In explanation OF the items In the
account IT is stated that In February, 1857, the
premium upon the United states per cent bonds,
IN which the Home had S7sO,0OO Invested, was 50
high that sale or the bonds and q deposit OF the
proceeds In the permanent Tund was found to be Q
transaction which would be profitable to the
home. Inc bonds would mature In twenty years
the principle and Interest Tor that time would
amount 10 81 ,404,0O Ihe sales were made 81
that the net premium realized was within
very small fraction OIL 21I, per cent, and the
amount received Tor The bonus was 1914 329O5,
wnicn, AT per cent per annum In the permanent
Iund would amount in twenty years 10
sl,i9o,!fsnIS, profit TO the Home OF s6ysG is.
A ucl'Ust "a $1,000 on account oI Missouri PaciIlc
Uoii'i, Represents The principal or bonds 10 that
ainotinI which nlatureu, and Tor which the home
received payment In fun In JuIy, 1887. A deposit
VI si9OOi On account OF proceeus or saie OF real
estate represent, lne money received Tor the prop
efty OF ,ndeiiUmc At Harrodsburg, which was soid
at public AUCTION July lo, 1881.
Inc report OF Ine treasurer shows the aggregate
expenditures Tor Lne year TO nave been Ssi5, ,:s III
and tne Total receipts f2SS ,40l95, with balance
on hand september 81, lss7, OF S55,l79.3l. Tne
sum or S65,uOO expended on account OF new build
inss being deutlcted IRON tine aggregate expenses
ior The year 0i, leaves sl6S, ,...26 64 as the
Gust VI maihtuiniiis The Home
TIE PERMANENT IMPROVEMENTS
undertaken during the year have been an exten-
sion OF the main building and boiler house which
are Low in progress OF construction. The total
cost OF these buildings Will be se25 36a47, and viii
appssalas % US 70 eDss ss % Tue Sssnof eiDA IN 6ss
report. Gen. Sheridan says, makes Particular men,
ti0n OF -
TIE FINANCIAL OUTLOOK FOR THR HOME
q subject which has moved the commissioners to
nequent efforts before Congress for remedy, but
without avail. He places the current revenue for
maintaining the Home at a maximum average OF
$4,000, and the ordinary average expenses at
100000 per annum, showing that S75, 900 per AN
nun must be drawn from the capital fund 40 long
as the present conditions continue He calls at
tention 10 the TACT that extensions and expensive
repairs which must be made in the future Will IN
crease this drain, and, In time, be diSas-
trous. H." suggests as remedy for thu,
embarrassment that Congress be asked 10 provide
by law Tor The payment OF interest to the Home
from July ], 1SS0. upon all accounts from which
money was due The Home prior 10 that date, and
thls interest be allowed from maturity upon
amounts certified from accounts made since that
daie. The Treasury Department IL now setting
accounts in favor OF the Home, covering the period
from April II, 1861, 10 December 81, lSsO, and
dnouulS lOuNu 10 Dc uNe1O ptflUl OF
the War or the Rebellion To accept Interest upon
these amounts only from July !, 1850, would be
great concession on the part OF the Home which
has been deprived OF the principal for so many
years, but the commissioners recommend that the
method suggested by the governor be submitted
TO Congress for action.
PENSIONS FOR THE INMATES OF THE HOME.
The governor also dwells upon the subject OF
pensions to the inmates OF the Home, the report
says and sets forth the evils which arise from the
operation OF the law, which gives the inmate his
pension, though the Home supplies all his wants
The governor recommends that inmates who have
less than ten years Army service be required to
surrender their pensions to the Home while they
remain in It and receive It's benefits; those who
have from ten TO fteen years OF service TO surren
der two-thirdS OF their pensions; those who have
from fifteen TO twenty years service to surrender
one-thlrd OF thrfr pensions, while men or twenty
years service more be permitted TO retain their
pensions The commissioners will he glad the
report 0aye 70 receive any modification OF q law
which Is the cause Of more difflculty In the man.
agement OF the Home than all other influences
combined.